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Online-Only Currency BitCoin Reaches Dollar Parity

Posted by ryuzaki0 on from the computationally-intensive dept.

IamTheRealMike writes "The BitCoin peer to peer currency briefly reached exchange parity with the US dollar today after a spike in demand for the coins pushed prices slightly above 1 USD:1 BTC. BitCoin was launched in early 2009, so in only two years this open source currency has gone from having no value at all to one with not only an open market of competing exchanges, but the ability to buy real goods and services like web hosting, gadgets, organic beauty products and even alpaca socks."

7 of 517 comments (clear)

  1. In other words by Monkeedude1212 · · Score: 4, Funny

    The US Dollar will soon be worthless?

    *ducks*

    1. Re:In other words by Anonymous Coward · · Score: 4, Funny

      The differences between the US and Zimbabwe are that the US is the world's #1 economy, the US is a center of innovation, the US preserves inalienable rights. Because of the faith and credit of the US, we can basically print as much money as we like.

  2. Sorry by MrEricSir · · Score: 2, Funny

    ...but I only accept payments in Beenz or Flooz

    --
    There's no -1 for "I don't get it."
    1. Re:Sorry by Anonymous Coward · · Score: 2, Funny

      But THIS time it's DIFFERENT! This time there's crypto-decentralized-cloud-p2p-trust-digitalness in it! It's more privatey! That makes it way better and more underground, so it's required that everyone on Slashdot will switch to it at once.

  3. Obvious question by skine · · Score: 5, Funny

    Do alpacas really wear socks?

  4. Re:not another currency, please! by Nadaka · · Score: 3, Funny

    Not entirely true.

    Gold is high density, malleable and corrosion resistant so it makes great bullets.

  5. The True Measure by JackOfAllGeeks · · Score: 3, Funny

    and even alpaca socks.

    They have finally arrived.